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WEX Inc. - WEX STOCK NEWS

Welcome to our dedicated page for WEX news (Ticker: WEX), a resource for investors and traders seeking the latest updates and insights on WEX stock.

WEX Inc. (NYSE: WEX) is a global leader in corporate payment solutions designed to enhance business efficiency, security, and cost control. Founded in 1983 with a focus on fleet card payments, WEX has since diversified its offerings to encompass a wide array of corporate payment solutions, serving millions of cardholders across various sectors, including travel, healthcare, and employee benefits.

The company operates in three main segments: Mobility, Benefits, and Corporate Payments. The Mobility segment, which generates the highest revenue, offers fleet vehicle payment solutions, transaction processing, and information management services for both commercial and government fleets. The Corporate Payments segment provides business-to-business payment processing and transaction monitoring services. The Benefits segment focuses on healthcare payment products and a consumer-directed software platform.

WEX has a significant presence across North and South America, Europe, Australia, New Zealand, and Asia, employing over 2,000 associates. The company is committed to delivering exceptional payment security and control, ensuring that businesses of all sizes can operate efficiently and profitably.

Recent achievements highlight WEX's commitment to innovation and industry leadership. The company has filed a federal lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement. This legal action underscores WEX's dedication to protecting its brand and intellectual property rights.

For more detailed information and the latest updates, visit WEX Inc.

News

Lincoln Financial Group introduces comprehensive health savings solutions for plan sponsors

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Lincoln Financial Group launches expanded suite of health savings solutions for employee financial wellness
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WEX Inc. to Release Third Quarter 2023 Financial Results on October 26, 2023

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WEX Inc. to report Q3 2023 financial results on October 26, 2023
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WEX Releases Third Environmental, Social, and Governance Report Chronicling Progress and Providing a Glimpse into Future Sustainability Endeavors

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WEX (NYSE: WEX) publishes its third annual environmental, social, and governance (ESG) report, showcasing the company's commitment to core values, mixed-fleet transition, environmental management, and community welfare across 16 countries.
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WEX Venture Capital Seeks to Invest up to $100M to Help Advance EV Fleet Transition

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WEX (NYSE: WEX) announces the launch of WEX Venture Capital, authorizing up to $100 million investment in early-stage companies focused on energy transition, including fleet electrification and EV charging ecosystem. WEX Venture Capital has already started deploying capital, including minority investments in Chargetrip and ev.energy.
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ev.energy secures $33M Series B funding to drive electric vehicle-grid integration in North America and Europe

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ev.energy, the leading EV managed charging software platform, has raised $33M in a Series B funding round, bringing total funded capital to $46M. The funding round was led by National Grid Partners and included support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures. ev.energy connects EVs to grid networks to make charging simpler, greener, and cheaper for drivers. The funding will enable ev.energy to expand its operations and access an additional 400 million energy customers.
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WEX Inc. Reports Second Quarter 2023 Financial Results

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WEX (NYSE: WEX) reported a 4% year-over-year increase in 2Q revenue to a record $621 million, driven by 34% growth in the Benefits segment and 21% in the Corporate Payments segment. 2Q GAAP net income was $2.20 per diluted share; 2Q adjusted net income was $3.63 per diluted share. WEX raised full-year 2023 financial guidance.
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WEX Inc. to Release Second Quarter 2023 Financial Results on July 27, 2023

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WEX Inc. (NYSE: WEX) to report Q2 2023 financial results on July 27, 2023. Conference call with CEO and CFO to discuss the results. Webcast and dial-in details provided for access. Replay available on the Company's website.
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WEX to Host Benefits Investor Event Today

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WEX will host its Benefits Investor Event today, providing an in-depth review of the Benefits segment, including product set, growth drivers, and financial profile. Melissa Smith and other members of the WEX leadership team will present. The event can be attended virtually and a replay will be available on the WEX website.
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WEX to Present at the William Blair Growth Stock Conference

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WEX to Host Benefits Investor Event on June 1

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FAQ

What is the current stock price of WEX (WEX)?

The current stock price of WEX (WEX) is $169.39 as of December 20, 2024.

What is the market cap of WEX (WEX)?

The market cap of WEX (WEX) is approximately 6.7B.

What does WEX Inc. specialize in?

WEX Inc. specializes in corporate payment solutions, including fleet vehicle payments, business-to-business payment processing, and healthcare payment products.

Which market segments does WEX Inc. operate in?

WEX Inc. operates in three main segments: Mobility, Benefits, and Corporate Payments.

Who are WEX Inc.'s main customers?

WEX Inc.'s customers range from small businesses to large enterprises, spanning sectors such as travel, healthcare, and fleet management.

Where does WEX Inc. have operations?

WEX Inc. has operations in North and South America, Europe, Australia, New Zealand, and Asia.

How many employees does WEX Inc. have?

WEX Inc. employs more than 2,000 associates globally.

What recent legal action has WEX Inc. taken?

WEX Inc. has filed a federal lawsuit against HP Inc. and Hewlett-Packard Development Company, L.P. for trademark infringement.

What is the Mobility segment of WEX Inc.?

The Mobility segment of WEX Inc. provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets.

What services are offered under the Corporate Payments segment?

The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services.

What does the Benefits segment of WEX Inc. involve?

The Benefits segment involves healthcare payment products and a consumer-directed software platform.

Where can I find more information about WEX Inc.?

You can find more information about WEX Inc. on their official website at www.wexinc.com.

Stock WEX logo
WEX Inc.

NYSE:WEX

WEX Rankings

#1084 Ranked by Market Cap
N/A Ranked by Dividends

WEX Stock Data

6.68B
39.45M
0.76%
107.82%
1.76%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
PORTLAND